On June 2nd, the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA) issued record requests for proposals from qualified developers to build renewable energy projects that will generate 2.5 million megawatt-hours (MWh) of electricity a year. The two requests combined total the largest renewable RFP issued in any state. Alliance for Clean Energy New York estimates that the solicitation “will drive between 600 and 1,600 megawatts of new capacity depending on the mix of technologies ultimately developed.”
Cleantech Open Northeast is currently accepting applications for its 2017 accelerator program. The oldest and largest accelerator program for clean tech startups, Cleantech Open awards over $500,000 in cash, investment, and in-kind services to winners of its showcasing events. Mintz Levin has proudly been a sponsor of Cleantech Open Northeast since its inception. To learn more about the accelerator program and apply by the May 1st deadline, read on!
Passage of a tax package is another possible item on Congress’ list for the lame duck session, which is discussed in a recent ML Strategies alert. Three dozen tax provisions are scheduled to expire December 31, about half of which pertain to energy provisions. Congress approved last December a $1.1 trillion omnibus appropriations and $680 billion tax extenders package and adjourned for the first session of the 114th Congress. To learn more about the tax extenders package, read on!
In late July, the Obama administration announced a collaboration with 50 federal and state agencies, electric utility companies, vehicle manufacturers, electric charging station companies, and others in the private sector to promote faster development of electric vehicle charging infrastructure and increased numbers of electric cars on the roads.
This announcement, made in partnership with the Department of Energy (DOE), Department of Transportation (DOT), Environmental Protection Agency (EPA), Air Force and Army, comes just after the DOE’s first-ever Sustainable Transportation Summit. To learn more about the collaboration, continue reading!
Last week, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The winning coalition, headquartered in Los Angeles, California brings together a consortium of nearly 200 partners across more than 30 states from industry, academia, and non-profits to propel advances in smart sensors and digital process controls that can greatly improve the efficiency of U.S. advanced manufacturing. To learn more about SMLC and the Smart Manufacturing Innovation Institute, continue reading!
Last week, the U.S. Department of Energy (DOE) announced nearly $16 million in funding to help businesses commercialize promising energy technologies from DOE’s National Laboratories to the marketplace. This is the first Department-wide funding allocation through the Technology Commercialization Fund (TCF) that will support 54 projects at 12 national labs involving 52 private-sector partners. To read more about the TCF, read on!
Earlier this week the Department of Energy (DOE) announced $23 million in funding for 23 new projects focused on developing clean energy technologies with a strong potential for commercialization and job creation. These small businesses will receive $1 million each over the next two years, through the Office of Energy Efficiency and Renewable Energy’s (EERE’s) combined Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, to advance innovative concepts into prototype technologies. Most of these Phase II funding recipients also received Phase I funding in 2015 when projects were selected based on scientific and technical merit and commercial potential. For more details regarding the DOE funding announcement, read on!
On April 6, a consortium of leading financial institutions and investors pledged $8 billion to join Bank of America Corporation’s Catalytic Finance Initiative (CFI), which plans to raise at least $10 billion for investments in clean energy, high impact, and sustainable development projects. Partners joining the initiative include AllianceBernstein, Babson Capital Management, Credit Agricole CIB, European Investment Bank, HSBC Group, International Finance Corporation, and Mirova. Members of the partnership have all pledged capital and expertise to develop and advance innovative financing structures in the clean energy and sustainability space. Furthermore, the Aligned Intermediary—a group of long-term institutional investors—will collaborate on specific investment opportunities with members of the CFI. For more on the CFI, read on!
The Senate Energy and Natural Resources Committee remains optimistic that the bipartisan energy bill will advance potentially as soon as this week after completion of legislation related to GMOs, but more likely following the Senate’s return from next week’s recess. Before that can occur, comprises must still be reached regarding the Flint water crisis legislation and the amendment expanding offshore drilling revenue sharing. Additionally, negotiations are also ongoing to reconcile the differences between the House- and Senate-passed Toxic Substances Control Act (TSCA) reform bills.
On Tuesday the House Budget Committee released its $3.9 billion budget resolution that would rescind unobligated balances from stimulus green energy programs and reduce funding for the Environmental Protection Agency. Elsewhere, the EPA announced last week its plans to regulate methane emissions from existing sources of oil and gas in order to help the U.S. meet its emission commitments under the Paris climate agreement. On March 11 the Department of Energy announced $25 million in funding for electric motor research, and the DOE is also proposing new energy efficiency standards for commercial package boilers and ceiling fans. For more on these developments and the latest from D.C., read this week’s update from ML Strategies.
Congress returns this week from the President’s Day recess to a changed landscape with the death of Supreme Court Justice Scalia. The Supreme Court vacancy has important ramifications for the EPA’s Clean Power Plan, which was stayed by the Supreme Court earlier this month. The stay had led many to believe that the plan was in danger, but a 4-4 ideological split on the court until a successor is confirmed means that the U.S. Court of Appeals for the District of Columbia may be the final arbiter for the plan.
Meanwhile, Senate Energy and Resources Chair Lisa Murkowski (R-AK) and Ranking Member Maria Cantwell (D-WA) and their staff continued working to overcome an impasse on the bipartisan energy bill. While there is no break on the impasse yet, there are a number of hearings scheduled for this week at the various committees. Elsewhere, on February 17 the Department of Energy announced $3 million in 10 new projects to apply high-performance computing to manufacturing challenges. The same day, the agency issued a release touting “5 Big Wins in Clean Energy from the Loan Programs Office.” For more on the week in Washington, read this week’s update from ML Strategies!